The Global Aerospace Fasteners Market is Envisioned to be Valued at USD 9.2 Billion By 2024
The global aerospace fasteners market is segmented into product type such as nuts and bolts, rivets, screws and others. Among these segments, rivets segment is expected to dominate the overall aerospace fasteners market and is projected to seize a remarkable CAGR by 2024. Likely, increasing number of manufacturers of private aircraft throughout the globe is one the major factor pushing the market of aerospace fasteners. Furthermore, increasing integration of titanium fasteners due to compatibility with composite parts and possess high strength is also projected to trigger the growth of aerospace fasteners market in near future. Global aerospace fasteners market is anticipated to mask a significant CAGR of 7.6% during the forecast period i.e. 2017-2024. Moreover, the global aerospace fasteners market is projected to account for exponential revenue of USD 9.2 Billion by 2024. Additionally, the aerospace fasteners market is riding on the back of robust expansion of aircraft industry. ...